The British newspaper, The Daily Mail, revealed today, Tuesday, that the brother of the current US President, Jim Biden, was under investigation by a committee within the US Congress, for his involvement in “corruption” cases in both Iraq and Saudi Arabia.

The negotiations of the Iraqi delegation in Washington about the dollar "do not bode well"

Catch up on Iraqi and Iraqi Dinar News

Delegation from Irag is currently in Washington DC trying to get the economy going among other things

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Today, Monday, Prime Minister Muhammad Shia'a al-Sudani dismissed the governor of the Central Bank, Mustafa Ghaleb Makhaif, from his post.

The official news agency quoted a government source as saying, "Prime Minister Muhammad Shiaa al-Sudani decided to relieve Central Bank Governor Mustafa Ghaleb Makhaif of his post, at his request."

The source added, "The Prime Minister assigned Ali Mohsen Al-Alaq to run the Central Bank by proxy."

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BAGHDAD—Iraqis are blaming an unexpected culprit for a weakening currency that has caused the price of food and imported goods to rise: a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York.

The New York Fed began enforcing tighter controls on international dollar transactions by commercial Iraqi banks in November, in a move to curtail money laundering and the illegal siphoning of dollars to Iran and other heavily sanctioned Middle East countries, U.S. and Iraqi officials said.

Iraqi banks had operated under less stringent rules since shortly after the 2003 U.S. invasion that toppled Saddam Hussein. Almost two decades later, American and Iraqi officials said they have decided it was time to bring Iraq’s banking system into compliance with global money-transfer practices.

Since the procedures went into effect, 80% or more of Iraq’s daily dollar wire transfers—which previously totaled over $250 million some days—have been blocked because of insufficient information about the funds’ destinations or other errors, according to U.S. and Iraqi officials and official Iraqi government data.